PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
IEQD.L vs. SPOL.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IEQD.L vs. SPOL.L

Last updated Jun 5, 2026

IEQD.L (iShares Edge MSCI Europe Quality Factor UCITS Dist) and SPOL.L (iShares MSCI Poland UCITS ETF USD (Acc)) are both Europe Equities funds from iShares - IEQD.L tracks the MSCI Europe NR EUR while SPOL.L tracks the MSCI Poland NR EUR. Both are passively managed. Over the past 5 years, IEQD.L returned 5.90%/yr vs 14.86%/yr for SPOL.L. A 0.53 correlation means they provide meaningful diversification when combined. IEQD.L charges 0.25%/yr vs 0.74%/yr for SPOL.L.

Performance

IEQD.L vs. SPOL.L - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares Edge MSCI Europe Quality Factor UCITS Dist (IEQD.L) and iShares MSCI Poland UCITS ETF USD (Acc) (SPOL.L). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Different Trading Currencies

IEQD.L is traded in EUR, while SPOL.L is traded in GBp. To make them comparable, the SPOL.L values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, IEQD.L achieves a 4.24% return, which is significantly lower than SPOL.L's 16.75% return.

IEQD.L

1D
0.53%
1M
1.23%
YTD
4.24%
6M
5.85%
1Y
6.61%
3Y*
7.76%
5Y*
5.90%
10Y*
—

SPOL.L

1D
0.55%
1M
6.37%
YTD
16.75%
6M
26.49%
1Y
39.68%
3Y*
30.13%
5Y*
14.86%
10Y*
9.24%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IEQD.L vs. SPOL.L - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
IEQD.L
iShares Edge MSCI Europe Quality Factor UCITS Dist		4.24%9.49%4.14%14.42%-11.20%26.21%1.53%30.13%-3.99%
SPOL.L
iShares MSCI Poland UCITS ETF USD (Acc)		16.75%52.85%-0.39%44.52%-22.19%15.34%-18.85%-3.93%-7.73%

Correlation

The correlation between IEQD.L and SPOL.L is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.46

Correlation (3Y)
Calculated over the trailing 3-year period

0.48

Correlation (5Y)
Calculated over the trailing 5-year period

0.51

Correlation (All Time)
Calculated using the full available price history since Feb 28, 2018

0.53

The correlation between IEQD.L and SPOL.L has been stable across timeframes, ranging from 0.46 to 0.53 - a consistent structural relationship.

IEQD.L vs. SPOL.L - Sectors Allocation Comparison

Sectors
IEQD.L
SPOL.L

Financial Services

21.1%
48.0%

Industrials

19.5%
1.9%

Healthcare

14.2%

-

Technology

10.8%
2.2%

Consumer Defensive

8.1%
5.4%

Consumer Cyclical

6.6%
10.9%

Basic Materials

5.6%
9.8%

Energy

5.2%
16.7%

Utilities

5.1%
2.0%

Communication Services

3.0%
3.2%

Real Estate

0.8%

-

Financial Services

IEQD.L
21.1%
SPOL.L
48.0%

Industrials

IEQD.L
19.5%
SPOL.L
1.9%

Healthcare

IEQD.L
14.2%
SPOL.L

-

Technology

IEQD.L
10.8%
SPOL.L
2.2%

Consumer Defensive

IEQD.L
8.1%
SPOL.L
5.4%

Consumer Cyclical

IEQD.L
6.6%
SPOL.L
10.9%

Basic Materials

IEQD.L
5.6%
SPOL.L
9.8%

Energy

IEQD.L
5.2%
SPOL.L
16.7%

Utilities

IEQD.L
5.1%
SPOL.L
2.0%

Communication Services

IEQD.L
3.0%
SPOL.L
3.2%

Real Estate

IEQD.L
0.8%
SPOL.L

-

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Edge MSCI Europe Quality Factor UCITS Dist

iShares MSCI Poland UCITS ETF USD (Acc)

Often compared with IEQD.L:
IEQD.L vs. FEUI.DEIEQD.L vs. MVOL.LIEQD.L vs. SMEA.LIEQD.L vs. VUSA.ASIEQD.L vs. JRDZ.LIEQD.L vs. CNDX.LIEQD.L vs. CEUR.L
Often compared with SPOL.L:
SPOL.L vs. IBCJ.DESPOL.L vs. VOOSPOL.L vs. WDEP.LSPOL.L vs. FLXD.LSPOL.L vs. XD5E.LSPOL.L vs. LCPE.LSPOL.L vs. EEIP.L

Return for Risk

IEQD.L vs. SPOL.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IEQD.L
IEQD.L Risk / Return Rank: 1818
Overall Rank
IEQD.L Sharpe Ratio Rank: 1919
Sharpe Ratio Rank
IEQD.L Sortino Ratio Rank: 1818
Sortino Ratio Rank
IEQD.L Omega Ratio Rank: 1818
Omega Ratio Rank
IEQD.L Calmar Ratio Rank: 1919
Calmar Ratio Rank
IEQD.L Martin Ratio Rank: 1919
Martin Ratio Rank
SPOL.L
SPOL.L Risk / Return Rank: 6161
Overall Rank
SPOL.L Sharpe Ratio Rank: 5656
Sharpe Ratio Rank
SPOL.L Sortino Ratio Rank: 5454
Sortino Ratio Rank
SPOL.L Omega Ratio Rank: 5050
Omega Ratio Rank
SPOL.L Calmar Ratio Rank: 8484
Calmar Ratio Rank
SPOL.L Martin Ratio Rank: 6262
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IEQD.L vs. SPOL.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI Europe Quality Factor UCITS Dist (IEQD.L) and iShares MSCI Poland UCITS ETF USD (Acc) (SPOL.L). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

IEQD.LSPOL.LDifference
Sharpe ratioReturn per unit of total volatility
0.56
1.71

-1.14

Sortino ratioReturn per unit of downside risk
0.87
2.41

-1.54

Omega ratioGain probability vs. loss probability

1.10

1.28

-0.18

Calmar ratioReturn relative to maximum drawdown

0.77

4.19

-3.42

Martin ratioReturn relative to average drawdown

2.08

10.01

-7.93

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IEQD.L vs. SPOL.L - Sharpe Ratio Comparison

The current IEQD.L Sharpe Ratio is 0.56, which is lower than the SPOL.L Sharpe Ratio of 1.71. The chart below compares the historical Sharpe Ratios of IEQD.L and SPOL.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Sharpe Ratios by Period

IEQD.LSPOL.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.56

1.71

-1.14

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.42

0.55

-0.13

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.36

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.54

0.16

+0.38

Drawdowns

IEQD.L vs. SPOL.L - Drawdown Comparison

The maximum IEQD.L drawdown since its inception was -33.13%, smaller than the maximum SPOL.L drawdown of -56.60%. Use the drawdown chart below to compare losses from any high point for IEQD.L and SPOL.L.

Loading charts...

Drawdown Indicators

IEQD.LSPOL.LDifference

Max Drawdown

Largest peak-to-trough decline

-33.13%

-56.60%

+23.47%

Max Drawdown (1Y)

Largest decline over 1 year

-8.51%

-9.41%

+0.90%

Max Drawdown (3Y)

Largest decline over 3 years

-14.74%

-18.52%

+3.78%

Max Drawdown (5Y)

Largest decline over 5 years

-19.89%

-47.87%

+27.98%

Max Drawdown (10Y)

Largest decline over 10 years

—

-56.60%

—

Current Drawdown

Current decline from peak

-1.91%

0.00%

-1.91%

Average Drawdown

Average peak-to-trough decline

-4.88%

-19.24%

+14.36%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.17%

3.95%

-0.78%

Volatility

IEQD.L vs. SPOL.L - Volatility Comparison

The current volatility for iShares Edge MSCI Europe Quality Factor UCITS Dist (IEQD.L) is 3.95%, while iShares MSCI Poland UCITS ETF USD (Acc) (SPOL.L) has a volatility of 7.26%. This indicates that IEQD.L experiences smaller price fluctuations and is considered to be less risky than SPOL.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

IEQD.LSPOL.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.95%

7.26%

-3.31%

Volatility (6M)

Calculated over the trailing 6-month period

9.27%

17.24%

-7.97%

Volatility (1Y)

Calculated over the trailing 1-year period

11.69%

23.18%

-11.49%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.92%

26.98%

-13.06%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.34%

25.57%

-10.23%

IEQD.L vs. SPOL.L - Expense Ratio Comparison

IEQD.L has a 0.25% expense ratio, which is lower than SPOL.L's 0.74% expense ratio.

Dividends

IEQD.L vs. SPOL.L - Dividend Comparison

IEQD.L's dividend yield for the trailing twelve months is around 2.09%, while SPOL.L has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018
IEQD.L
iShares Edge MSCI Europe Quality Factor UCITS Dist		2.09%2.18%2.37%2.74%2.69%1.96%2.21%2.89%2.93%
SPOL.L
iShares MSCI Poland UCITS ETF USD (Acc)		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

IEQD.L and SPOL.L have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, IEQD.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

IEQD.L is cheaper with a 0.25% expense ratio, compared with 0.74% for SPOL.L.

IEQD.L tracks MSCI Europe NR EUR, while SPOL.L tracks MSCI Poland NR EUR. Their fees differ too: 0.25% for IEQD.L and 0.74% for SPOL.L.

Portfolio Optimizer

Find the right allocation for IEQD.L and SPOL.L

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer